Passive income is income that requires little to no ongoing effort to obtain. Examples include dividends from stocks, rent payments from rental real estate or royalty payments from intellectual property. In a divorce, passive income may impact spousal support and...
Whether one spouse inherited a business or a couple decided to start a company together, business valuation may be the most pressing challenge during divorce proceedings. Spouses often have a lot of issues to address when there is a company included in their pool of...
Divorce cases that contain international assets can make property division complicated. International assets most commonly take the form of vacation homes, investment properties, inheritances, bank accounts, foreign trusts, and foreign retirement accounts. While...
If someone owns a business and intends to divorce, the organization will likely prove to be a significant roadblock to a smooth divorce process. The business may represent an investment of thousands of dollars of marital property and also likely serves as a source of...
There are numerous ways that co-ownership of a business can complicate an upcoming divorce. Especially if both spouses work at a family company, the comingling of work and finances can make untangling each spouse’s interests in the business a truly challenging task....
One spouse might be at fault for the divorce, and one spouse will make the decision to file. Those roles do not always overlap. The title someone has to assume can affect how they feel about themselves and their divorce. There is another label that is also very...
Sometimes in high asset divorce cases, your spouse may intentionally hide their assets with hopes of retaining more after the divorce process. Hidden assets can include jewelry, credit cards, fine art, offshore accounts, real estate, inheritance, etc. Unless you begin...
People largely live their lives on digital devices these days. From the phones where they send and receive dozens of written messages with friends, family and coworkers daily to the laptops and other computing devices that they use for personal purposes, most people...
An Ohio divorce can be a quick path to financial hardship, as you may find yourself not only dividing all of your property with your ex but now suddenly on the hook for making regular payments to them. Child support payments are often a necessity when you have minor...
In Ohio, it’s possible to receive a distributive award in some divorces. A distributive award is a payment or payments that is made from separate property or income. It is not made from the contents of the marital estate. This kind of award isn’t the same as spousal...
